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Holding or Pre-Contract Deposits

Holding or Pre-Contract Deposits

Information

I have always found the holding deposit (an initial retainer paid to the landlord or agent to reserve a tenancy) is a very useful device to commit the tenant to your letting. But is it legal to withhold the advance deposit you take from a prospective tenant if they back out?In my experience a pro

Tenancy Deposit Documentation

Tenancy Deposit Documentation

Information

What do I need to do when I protect my tenant/s deposit? If you take a deposit from your tenant/s you MUST protect the deposit and serve your tenants with the correct documentation within 30 days or face having to pay a fine and the prospect that you cannot use the s21 evict

ITZA revisited

ITZA revisited

Information

A clear explanation of ITZA and rent review zoning — why old ITZA measurements may not always apply in new rent reviews.

Dispute Resolution Procedure at Rent Review - Calderbank offer

Dispute Resolution Procedure at Rent Review - Calderbank offer

Information

Learn how a Calderbank offer can help landlords settle disputes and avoid costly rent review referrals.

Should I set up a company to pay less tax?

Should I set up a company to pay less tax?

Information

According to research from the NLA, 4 in 10 landlords are either seriously considering forming a limited company or looking into the option in the coming months.Can you - and more importantly should you - set up a company to pay less tax? Heres my complete guide on becoming incorporated.<stron

What heating system for Rental Property?

What heating system for Rental Property?

Information

What heating system should you use in your rental property? Is there a heating system that could solve landlords condensation claims problems?Its one of the most important questions to ask when letting a property for the first time. Whatever system you choose carries implications for the ef

Warnings about Gumtree advertised letting scams

Warnings about Gumtree advertised letting scams

News

The Residential Landlords Association (RLA) and the National Landlords Association (NLA) have called on the classified online listings service Gumtree to issue clear guidance over possible scams involving bogus letting scams.The warning has been issued to Gumtree by the NLA and the RLA after f

Dispute Resolution Procedure at Rent Review

Dispute Resolution Procedure at Rent Review

Information

At rent review, the phrase 'going to arbitration' is often bandied about during negotiations as a means for one party to get its own way. Whether or not the parties can agree the rent without involving the dispute resolution procedure, it is common for a represented or experienced party to inv

Government releases 'How to Rent'� guide

Government releases 'How to Rent'� guide

News

From the 1st of October 2015 it became a statutory requirement that landlords issue all new tenants after that date with the latest edition of a Government publication The How to Rent Guide�, along with a current Energy Performance Certificate (EPC) and a current Gas Safety

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Experts pour cold water on Welsh rent controls plans

Experts pour cold water on Welsh rent controls plans

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News
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The Welsh Government should reinforce existing legislation, remove barriers to building more adequate homes and improve how it collects data instead of bringing rent controls into the housing debate, according to Propertymark.

Northern Mayor vows to seize properties from rogue landlords

Northern Mayor vows to seize properties from rogue landlords

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News
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New North East mayor Kim McGuinness has vowed to seize properties from irresponsible landlords as part of her plan to stand up for renters.

Right to Rent rules relaxed to help landlords and agents

Right to Rent rules relaxed to help landlords and agents

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News
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Changes to the EU Settlement Scheme mean tenants granted pre-settled status can continue to prove their right to rent easily while landlords will be better able to check their immigration status.

Sunak names date for election as 55% of landlords revealed 'undecided'

Sunak names date for election as 55% of landlords revealed 'undecided'

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News
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Landlords are likely to be targeted heavily by political parties as new research shows most remain undecided following Rishi Sunak’s decision to go for a July 4th General Election.

Council to 'educate' renters in person if they live within new licencing areas

Council to 'educate' renters in person if they live within new licencing areas

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News
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Gateshead plans to include a third of its private rented properties in a selective licencing scheme that also aims to improve tenants’ wellbeing and prompt landlords to boost energy efficiency.

Housing minister slammed over failure to weed out rogue letting agents

Housing minister slammed over failure to weed out rogue letting agents

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News
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A cross-party group of peers has attacked the government for sidestepping its proposals to clamp down on rogue letting agents.

Tenants should face consequences if they don't pay the rent, say landlords

Tenants should face consequences if they don't pay the rent, say landlords

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News
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Landlords are less worried by the Government’s looming Renters (Reform) Bill and more concerned about the financial squeeze they face including tenants who don’t pay their rent, a new poll reveals.

160,000 rented homes 'disappear' from rental market

160,000 rented homes 'disappear' from rental market

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News
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At least 163,000 privately rented properties disappeared from the market between 2019 and the end of 2023 as the number of landlords selling up outstripped purchases.

Legal Matters: Your Section 21 notice – is it valid?

Legal Matters: Your Section 21 notice – is it valid?

Information
News
Podcast
Opinion
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Serving a Section 21 notice - you need to be meticulous in your preparation, making sure you have complied faultlessly with all the regulations

Tenants warned to know their rights after Chancellor announces more new homes

Tenants warned to know their rights after Chancellor announces more new homes

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News
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Tenants have been warned to know their rights following Chancellor Rachel Reeves’ announcement of a £2billion investment in 18,000 new social and affordable homes.

Scottish landlords weigh rent hikes against void risks

Scottish landlords weigh rent hikes against void risks

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News
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Scottish landlords advised to balance rent increases with potential void periods post-cap removal; market conditions and tenant challenges considered.

Concerns raised about whether new planning reforms go far enough to address housing shortage

Concerns raised about whether new planning reforms go far enough to address housing shortage

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News
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Concerns about whether new planning reforms go far enough to address the country’s housing shortage have been raised by estate agents.

Labour pressured to remove guarantor rights for landlords

Labour pressured to remove guarantor rights for landlords

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News
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Opinion
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Homelessness charities are requesting amendments to the Renters’ Rights Bill that would severely limit landlords’ right to use guarantor agreements

Inflation dips to 2.8%, boosting hopes of interest rate cuts

Inflation dips to 2.8%, boosting hopes of interest rate cuts

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News
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Inflation has dipped, boosting mortgage borrowers’ hopes of more interest rate cuts.

Average asking rents have risen to £557 a week, new Foxton figures have revealed.

Average asking rents have risen to £557 a week, new Foxton figures have revealed.

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News
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Average asking rents have risen to £557 a week, new Foxton figures have revealed.

Flat sales stall amid lack of meaningful progress on unsafe cladding repairs, estate agents warn

Flat sales stall amid lack of meaningful progress on unsafe cladding repairs, estate agents warn

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News
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Many flat sales are stalling due to a lack of meaningful progress on unsafe cladding repairs, estate agents have warned.

Landlords invited to boost business at training day

Landlords invited to boost business at training day

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News
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Landlords are being invited to a “five-star training day” to help them navigate the biggest changes in the rental market for 30 years.

Single-Family Housing market attracts attention amid surge in demand

Single-Family Housing market attracts attention amid surge in demand

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News
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Opinion
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Investors are targeting the Single-Family Housing (SFH) market as the booming sector aims to help fill the PRS shortfall.

Landlord fails in bid to increase tenant’s rent, tribunal rules

Landlord fails in bid to increase tenant’s rent, tribunal rules

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News
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A landlord company has failed in its bid to increase a tenant’s rent by 25% after a First Tier Property Tribunal heard that poor standards would lower the market rent.

NRLA on the road: New events programme to bring the association to you

NRLA on the road: New events programme to bring the association to you

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News
Podcast
Opinion
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NRLA launches on-the-road events programme to bring landlord support and training locally.

Landlords turn to HMOs as higher mortgage costs steer them towards larger properties for better returns

Landlords turn to HMOs as higher mortgage costs steer them towards larger properties for better returns

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News
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Opinion
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More landlords are investing in HMOs as higher mortgage costs prompt them to turn to larger properties with better returns.

Landlords' legal action halts licensing scheme

Landlords' legal action halts licensing scheme

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News
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A group of disgruntled landlords in Scunthorpe has succeeded in halting its new selective licensing scheme.

New “crackdown on bad landlords” launched by London council

New “crackdown on bad landlords” launched by London council

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News
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A new “crackdown on bad landlords” has been introduced by a London council.

Tenants are paying £2,195 more on their annual housing costs, says Savills

Tenants are paying £2,195 more on their annual housing costs, says Savills

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News
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Private tenants are paying £2,195 more on their annual housing costs than in 2022, according to Savills’ latest research.

The Renters' Rights Bill moves a step closer to Royal Ascent

The Renters' Rights Bill moves a step closer to Royal Ascent

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News
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The controversial Renters' Rights Bill has moved a step closer to Royal Ascent

Tenancies will “change overnight’ once Renters’ Rights Bill comes in

Tenancies will “change overnight’ once Renters’ Rights Bill comes in

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News
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Tenancies will “change overnight’ once the Renters’ Rights Bill comes into force, Sean Hooker, of the Property Redress Scheme, has warned.

Portfolio landlord takes on £3.67M loan to consolidate 22 properties in London and Birmingham

Portfolio landlord takes on £3.67M loan to consolidate 22 properties in London and Birmingham

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News
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A portfolio landlord has taken on a huge loan to consolidate 22 properties across London and Birmingham.

Avoid discrimination laws pitfalls in property rentals

Avoid discrimination laws pitfalls in property rentals

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News
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Landlords must comply with the Equality Act 2010 and the Renters’ Rights Bill to avoid unlawful discrimination in tenant selection and property management.

Landlord Action celebrates 25 years of helping private landlords recover their properties

Landlord Action celebrates 25 years of helping private landlords recover their properties

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News
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Landlord Action is celebrating 25 years of successfully helping private landlords recover their properties.

Tax expert explains how to avoid being landed with a big BTL tax bill

Tax expert explains how to avoid being landed with a big BTL tax bill

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News
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A tax expert has urged BTL investors to use or lose their annual capital gains tax (CGT) exemption to avoid being landed with a big tax bill.

Bank of England keeps interest rates at 4.5% amid inflation concerns

Bank of England keeps interest rates at 4.5% amid inflation concerns

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News
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The Bank of England kept interest rates at 4.5% today amid fears that inflation is still a threat.

Newly qualified nurses struggle to afford to rent privately, Shelter claims

Newly qualified nurses struggle to afford to rent privately, Shelter claims

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News
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Newly qualified nurses can’t afford to rent privately in almost half - 45% - of local authorities in England, according to new analysis from Shelter.

Landlords must not drag their heals over EPC ratings, warns bank director

Landlords must not drag their heals over EPC ratings, warns bank director

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News
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Landlords must not to drag their heels when it comes to improving properties’ energy efficiency rating - or face potential issues with finding tradespeople and working with letting agents, a financial expert has warned.

More tenants are using alternative deposit schemes, new data reveals

More tenants are using alternative deposit schemes, new data reveals

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News
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A growing number of tenants in the build-to-rent (BTR) sector are using deposit alternative products as many opt to invest a lump sum instead of locking it away in a traditional cash scheme.